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aussiebear

World Stock Markets Trading Discussion - Irresolute intent

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

http://bigcharts.mar...com/default.asp

 

All Ords came off the lows to finish -0.2%.  Gold was the chief gainer, +0.7% and REITS -1.3% was down the most.

Over in Asia, China +1.2%, Hong Kong +0.3%, Japan -0.8%, India currently flat.

UK/Europe heading south: FTSE -0.3%, DAX -0.6%, CAC -0.3%.

 

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The spike in TNX happened pre stock opening and I figured that might call for a little dip in stocks to fix. We got the dip but it didn't fix TNX.   It's my go to view that Treasury coupons can always be brought down with a stock selloff in any short term.  Not this time. 

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Exactly. Not this time. The dealers are way overleveraged and under water. They are sellers. 

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The Fed has, let me check,  unlimited $'s to take care of the long end. Not to worry about those dealers. BOJ's assets are what, 100% of GDP? Hell, the Fed's 20% is nutin.

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